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Cottonseed oil cake futures on the National Commodity and Derivatives Exchange in India fell by Rs 15 to Rs 1,499 per quintal for December delivery on October 30. Traders liquidated positions as spot demand stayed subdued amid steady arrivals from growing regions.
Weak spot demand and ample arrivals point to softer near-term prices for cottonseed meal used in Indian feed. Buyers may find little reason to pay up until physical demand picks up.
business-standard.comPress Trust of IndiaOct 30, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
